Value Capture
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Value capture refers to a type of innovative public financing in which increases in private land values generated by a new public investment are all or in part captured through a land related tax to pay for that investment or other public projects. Value capture refers to the process by which all or a portion of increments in land value attributed to "community interventions" rather than landowner actions are programmed in advance and recouped by the public sector. Th...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Value capture refers to a type of innovative public financing in which increases in private land values generated by a new public investment are all or in part captured through a land related tax to pay for that investment or other public projects. Value capture refers to the process by which all or a portion of increments in land value attributed to "community interventions" rather than landowner actions are programmed in advance and recouped by the public sector. These "unearned increments" may be captured indirectly through their conversion into public revenues as taxes, fees, exactions or other fiscal means, or directly through on-site improvements to benefit the community at large.
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